Automotive Remanufacturing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive Remanufacturing Market
The automotive remanufacturing market size was valued at USD 60.78 billion in 2023, and the market is now projected to grow from USD 65.49 billion in 2024 to USD 126.42 billion by 2032, exhibiting a CAGR of 9.9% during the forecast period of 2024-2032.
The outbreak of COVID-19 also disrupted the resources and supply chains which heavily impacted the automotive industry and even caused some remanufacturing plants to close partially or temporarily. Because of a major disruption of the supply chain, the market was slowed down, which contributed to a decline in the further automotive remanufacturing market growth.
One of the issues related to the procurement of raw materials and components is the lack of supplies, mainly because car manufacturers are increasing their production capabilities to meet continuously rising customer demand on the automotive market. This may also coerce the growth or the automotive remanufacturing market share in the particular country.
The shift towards using electric vehicles around the world is creating high demand for remanufactured auto components especially those used in electric cars, something that has been experienced as the world uses cars during COVID 19 pandemic
Comprehensive Analysis of Automotive Remanufacturing Market
The automotive remanufacturing market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by parts type, & by vehicle type. The parts types include: engine & related parts, transmission parts, electrical & electronics system parts, braking system related parts, wheel & suspension system-related parts, and others. By vehicle types the market can be divided into: passenger cars, & commercial vehicles.
The North America region leads the automotive remanufacturing market by benefitting a market size of USD 18.98 billion in 2023 due to the presence o f several leading manufacturers in the region.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: Robert Bosch GmbH (Germany) ZF Friedrichshafen AG (Germany) BorgWarner Inc. (U.S.) Valeo (France) CARDONE Industries (U.S.) ATC Drivetrain (U.S.) Carwood Group (England) Caterpillar (U.S.) Borg Automotive (Denmark) BBB Industries (U.S.)
In July 2021, Bosch revealed its 455 automotive aftermarket parts that would cover more than 24 million operational vehicles. The company introduced a variety of product lines including Bosch eXchange Alternators.
Segmentation Table
Global Automotive Remanufacturing Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 9.9% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Parts Type, and By Vehicle Type
By Parts Type Engine & Related Parts
Transmission Parts
Electrical & Electronics System Parts
Braking System Related Parts
Wheel & Suspension System Related Parts
Others
By Vehicle Type Passenger Cars
Commercial Vehicles
By Region North America (By Parts Type, Vehicle Type, and Country)
- U.S. (By Vehicle Type)
- Canada (By Vehicle Type)
- Mexico (By Vehicle Type)
Europe (By Parts Type, Vehicle Type, and Country)
- U.K. (By Vehicle Type)
- Germany (By Vehicle Type)
- France (By Vehicle Type)
- Rest of Europe (By Vehicle Type)
Asia Pacific (By Parts Type, Vehicle Type, and Country)
- China (By Vehicle Type)
- Japan (By Vehicle Type)
- India (By Vehicle Type)
- South Korea (By Vehicle Type)
- Rest of Asia Pacific (By Vehicle Type)
Rest of the World (By Parts Type, Vehicle Type, and Country)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Mergers, Acquisitions and Partnerships
- 4.2. Porters Five Forces Analysis
- 4.3. Technological Developments
- 4.4. Impact of Covid-19
- 5. Global Automotive Remanufacturing Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Definitions
- 5.2. Market Analysis, Insights and Forecast – By Parts Type
- 5.2.1. Engine Parts
- 5.2.2. Transmission Parts
- 5.2.3. Electrical & Electronics System Parts
- 5.2.4. Braking System
- 5.2.5. Wheel & Suspension System Parts
- 5.2.6. Others
- 5.3. Market Analysis, Insights and Forecast – By Vehicle Type
- 5.3.1. Passenger cars
- 5.3.2. Commercial cars
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia pacific
- 5.4.4. Rest of the World
- 6. North America Automotive Remanufacturing Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Market Analysis, Insights and Forecast – By Parts Type
- 6.1.1. Engine Parts
- 6.1.2. Transmission Parts
- 6.1.3. Electrical & Electronics System Parts
- 6.1.4. Braking System
- 6.1.5. Wheel & Suspension System Parts
- 6.1.6. Others
- 6.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 6.2.1. Passenger cars
- 6.2.2. Commercial cars
- 6.3. Market Analysis – By Country
- 6.3.1. The U.S.
- 6.3.2. Canada
- 6.3.3. Mexico
- 7. Europe Automotive Remanufacturing Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Market Analysis, Insights and Forecast – By Parts Type
- 7.1.1. Engine Parts
- 7.1.2. Transmission Parts
- 7.1.3. Electrical & Electronics System Parts
- 7.1.4. Braking System
- 7.1.5. Wheel & Suspension System Parts
- 7.1.6. Others
- 7.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 7.2.1. Passenger cars
- 7.2.2. Commercial cars
- 7.3. Market Analysis – By Country
- 7.3.1. The U.K
- 7.3.2. Germany
- 7.3.3. France
- 7.3.4. Rest of the Europe
- 8. Asia Pacific Automotive Remanufacturing Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Market Analysis, Insights and Forecast – By Parts Type
- 8.1.1. Engine Parts
- 8.1.2. Transmission Parts
- 8.1.3. Electrical & Electronics System Parts
- 8.1.4. Braking System
- 8.1.5. Wheel & Suspension System Parts
- 8.1.6. Others
- 8.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 8.2.1. Passenger cars
- 8.2.2. Commercial cars
- 8.3. Market Analysis – By Country
- 8.3.1. Japan
- 8.3.2. China
- 8.3.3. India
- 8.3.4. Rest of Asia Pacific
- 9. Rest of the World Automotive Remanufacturing Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Market Analysis, Insights and Forecast – By Parts Type
- 9.1.1. Engine Parts
- 9.1.2. Transmission Parts
- 9.1.3. Electrical & Electronics System Parts
- 9.1.4. Braking System
- 9.1.5. Wheel & Suspension System Parts
- 9.1.6. Others
- 9.2. Market Analysis, Insights and Forecast – By Vehicle Type
- 9.2.1. Passenger cars
- 9.2.2. Commercial cars
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Ranking Analysis (2022)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 10.5.1. Robert Bosch GmbH
- 10.5.1.1. Overview,
- 10.5.1.2. Products & services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. ZF Friedrichshafen AG
- 10.5.2.1. Overview,
- 10.5.2.2. Products & services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. CARDONE Industries
- 10.5.3.1. Overview,
- 10.5.3.2. Products & services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. BorgWarner Inc.
- 10.5.4.1. Overview,
- 10.5.4.2. Products & services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. Caterpillar
- 10.5.5.1. Overview,
- 10.5.5.2. Products & services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. Carwood Group
- 10.5.6.1. Overview,
- 10.5.6.2. Products & services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. Borg Automotive
- 10.5.7.1. Overview,
- 10.5.7.2. Products & services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. Recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability)
- 10.5.8. ATC Drivetrain
- 10.5.8.1. Overview,
- 10.5.8.2. Products & services,
- 10.5.8.3. SWOT analysis,
- 10.5.8.4. Recent developments,
- 10.5.8.5. strategies,
- 10.5.8.6. financials (based on availability)
- 10.5.9. BBB Industries
- 10.5.9.1. Overview,
- 10.5.9.2. Products & services,
- 10.5.9.3. SWOT analysis,
- 10.5.9.4. Recent developments,
- 10.5.9.5. strategies,
- 10.5.9.6. financials (based on availability)
- 10.5.10. Valeo SA
- 10.5.10.1. Overview,
- 10.5.10.2. Products & services,
- 10.5.10.3. SWOT analysis,
- 10.5.10.4. Recent developments,
- 10.5.10.5. strategies,
- 10.5.10.6. financials (based on availability)
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